Economic goods are considered scarce resources because they ____________.

cannot be increased in quantity

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do not exist in adequate quantity to satisfy social requirements

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are of primary importance in satisfying social requirements

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are limited to man made goods

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Solution

The correct option is B do not exist in adequate quantity to satisfy social requirements
The resources in an economy are limited to the means they can generated but due to their alternative uses they create unlimited demand in the economy which remains unsatisfied due to the scarcity of the resources and their alternative uses.

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